Cash and cash equivalents: Cash is the money readily available in the form of currency. Cash equivalents are the near-cash items, which are readily convertible into cash. Cash equivalents have a maturity period of three months, or less than 3 months. To report: the reasons for reporting negative cash flows from operating activities during the first and second quarter and large positive cash flow for the fourth month and overall positive cash flows for the year.

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Chapter 8, Problem 8.25EX

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Cash and cash equivalents: Cash is the money readily available in the form of currency. Cash equivalents are the near-cash items, which are readily convertible into cash. Cash equivalents have a maturity period of three months, or less than 3 months.

To report: the reasons for reporting negative cash flows from operating activities during the first and second quarter and large positive cash flow for the fourth month and overall positive cash flows for the year.

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